# Argentine Central Bank wants tourists to exchange money through formal channels — MercoPress

> Argentina's Central Bank will let foreign tourists open bimonetary savings accounts and exchange dollars at a rate near the MEP market, about 180 pesos per dollar, instead of the official rate of about 100. Tourists must have a bank account in their home country to transfer foreign currency. The measure is intended to bring tourist dollars into the formal market as borders reopen.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/44846-argentine-central-bank-wants-tourists-to-exchange-money-through-formal-channels
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The scheme is a limited policy adjustment that narrows the gap between official and parallel rates for a small group of visitors. It has little direct effect on feed commodity supply, so the price impact is modest.

## Read by commodity

- USDARS: neutral

## Sources

- en.mercopress.com: https://en.mercopress.com/2021/10/29/argentine-central-bank-wants-tourists-to-exchange-money-through-formal-channels

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.